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Dec 23, 2012
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fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to that but we can do better. and we should do better. this is an opportunity to do something that would be hugely important for the country. i mean my own belief is what we ought to do is take speaker boehner's last offer, the president's last offer, split the difference. that would be a package of about $2.6 trillion. you couple that with the $1.1 trillion that has already been done and that would be close to the $4 trillion we are needed to stablize the debt and to begin to bring it down and then if you wanted to a
fiscal cliff. here is what it is. extend the bush tax cuts for people making less than $250,000. extend unemployment benefits for the 2 million people who will run out next month and delay the sequester of $110 billion in spending cuts next year. for all of the talk of $4 trillion in debt reduction this plan would only save $800 billion over ten years. senator conrad is that the best that washington can do over the next nine days and can you pass even that? >> look, chris, it may come to...
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Dec 23, 2012
12/12
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WUSA
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cliff, democrats and republicans have retreated to their home bases with all signs tonight pointing to us going over that cliff. that means taxes for 90% of us will be going up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday he urged the congress to adopt a stopgap measure to prevent taxes from rising on income under $250,000 a year and keep benefits flowing to unemployed folks. house speaker john boehner, he's home in cincinnati tonight. he failed to get members of his own party to support his plan b proposal for ending the crisis. today boehner was back on the attack, blaming democrats for the stalemate by refusing to include entitlements in the networkses. >> what the president has offered won't do anything to help our spending problem and address the crippling debt. he wants more spending and tax hikes that will hurt our economy, and he refuses to challenge the members of his party to deal honestly with thentitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> th
cliff, democrats and republicans have retreated to their home bases with all signs tonight pointing to us going over that cliff. that means taxes for 90% of us will be going up in days unless an agreement is reached. president barack obama is now in hawaii for christmas with his family. yesterday he urged the congress to adopt a stopgap measure to prevent taxes from rising on income under $250,000 a year and keep benefits flowing to unemployed folks. house speaker john boehner, he's home in...
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Dec 23, 2012
12/12
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KRON
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. >> the countdown to fiscal cliff negotiations reaches the final hour. but it's already too late for your first couple of paychecks in the new year. >> no matter what congress does to address the year- end "fiscal cliff," it's already past the deadline for employers to accurately withhold income taxes from january paychecks. this means. at first workers probably won't feel the full brunt of next year's tax increases in their january paychecks. employers are planning to withhold income taxes at the 2012 rates, at least for the first one or two paychecks of the year. things change when the internal revenue service releases income tax withholding tables for 2013. >> president barack obama and first lady michelle obama are wishing americans a merry christmas and happy holidays from hawaii. the obamas departed for their vacation last night and arrived there this morning. the president says the nation should give thanks for veterans and their families and asks americans to "say a prayer for all our troops" - including those spending the holiday in afghanistan
. >> the countdown to fiscal cliff negotiations reaches the final hour. but it's already too late for your first couple of paychecks in the new year. >> no matter what congress does to address the year- end "fiscal cliff," it's already past the deadline for employers to accurately withhold income taxes from january paychecks. this means. at first workers probably won't feel the full brunt of next year's tax increases in their january paychecks. employers are planning to...
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Dec 23, 2012
12/12
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more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holidays. >> happy birthday. >> have i to ask you, what are you doing home when we are approaching the fiscal cliff? >> probably not. once the deal broke on thursday night, the president and the speaker and the majority leader and the senate thought it was best to step back and now try to work out an arrangement. i have no problem being there. >> were you in support the plan b? >> i was. it was not a perfect plan, but considering the alternative, basically what john boehner was saying was no taxes would raise on anyone who had under $1 million. he was setting a million dollar threshold. the president was 250 or 400,000. i thought john boehner's hand was better and would strengthen in the negotiations. i think too many people in the conference were afraid would be seen as voting to increase taxes, but for not voting on the tax on over there for over a
more on the fiscal cliff negotiations. i am joined by congressman peter king from new york who is involved. congressman, great to have you here. >> great to be here. >> happy holidays. >> happy birthday. >> have i to ask you, what are you doing home when we are approaching the fiscal cliff? >> probably not. once the deal broke on thursday night, the president and the speaker and the majority leader and the senate thought it was best to step back and now try to work...
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Dec 23, 2012
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new year's, my birthday, which would be the fiscal cliff. not going to happen, if you listen to senator jeff sessions, who said we have to do home homework. he's putting it four days away is the fiscal cliff. >> alisyn: crazy talk that they want to read it before ratifying it. he says it has to happen by thursday, obviously sooner than we thought. let's listen. >> we're about to come back in next week, thursday, maybe they'll try to finish thursday, maybe go into friday. but we do not need to have a serious matter involving more than a trillion dollars of united states taxpayers' money dropped on the senate next thursday without us having been able to read it and analyze it and having it scored and be expected to rubber stamp it like the old communist parliament in russia. >> this was news to me that congress reads these bills. i was surprised that that's something that occurs. it's a novel idea. >> in a case like this, not only do they read it, they have to get a cbo score to make sure it's going to reach the debt limit or the price they're
new year's, my birthday, which would be the fiscal cliff. not going to happen, if you listen to senator jeff sessions, who said we have to do home homework. he's putting it four days away is the fiscal cliff. >> alisyn: crazy talk that they want to read it before ratifying it. he says it has to happen by thursday, obviously sooner than we thought. let's listen. >> we're about to come back in next week, thursday, maybe they'll try to finish thursday, maybe go into friday. but we do...
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Dec 23, 2012
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fiscal cliff negotiations fell apart late last night as you know. but law i can makers are holding out hope for a last-minute deal. still holding out hope. lawmakers took to the fund shows to defend their positions. steve centanni live with the latest update. >> still no agreement but you plenty of talk as the two sides aired differences in the fiscal cliff delate. after john boehner called off the push for a so called plan b saying the ball is now in the democrat's court there has been no movement towards any kind of deal. the wealthy and republicans want spending cuts. one key republican says what we really need is leadership. >> if you want leaders you have to lead. the president has been a pathetic fiscal leaders. he produced three budgets and can't get one vote for the budget. i would vote for revenues including tax rate hikes even though i i don't like them to save the country from becoming greece. but i am not going to set aside the $1.2 trillion in cuts. >> the president meantime is in hawaii, but he spoke out on the fiscal cliff at the whit
fiscal cliff negotiations fell apart late last night as you know. but law i can makers are holding out hope for a last-minute deal. still holding out hope. lawmakers took to the fund shows to defend their positions. steve centanni live with the latest update. >> still no agreement but you plenty of talk as the two sides aired differences in the fiscal cliff delate. after john boehner called off the push for a so called plan b saying the ball is now in the democrat's court there has been...
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Dec 23, 2012
12/12
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new article in "the wall street journal," how does this look, the fiscal cliff talks with the president and speaker boehner. "the president repeatedly reminded mr. boehner of the election results -- you're asking me to accept mitt romney's tax plan. why would i do that? at another point, the speaker noted his gop majority would also return next year." that doesn't exactly sound like the basis for a deal. your interpretation? >> no, but this is why the president is not moving. but i completely agree with david when he says that the president, in order for these republicans to step out on the ledge -- remember, it's not only tea party republicans. it's been framed, but there are republicans in the house that have been there for 20 years who are against raising taxes. this is the republican dogma. it's been in place for 30-some years since the reagan era. they're against any tax hikes on anyone in any circumstance. so to really bring those republicans over that could stomach it, they need to see real concrete cuts on that side and also some entitlement reform, because that's where the spen
new article in "the wall street journal," how does this look, the fiscal cliff talks with the president and speaker boehner. "the president repeatedly reminded mr. boehner of the election results -- you're asking me to accept mitt romney's tax plan. why would i do that? at another point, the speaker noted his gop majority would also return next year." that doesn't exactly sound like the basis for a deal. your interpretation? >> no, but this is why the president is not...
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Dec 23, 2012
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>> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john boehner is? >> no. >> the tan guy. he cries a lot? >> he cries a lot? poor thing. i would, too, if he was the speaker of the house. >> do you know who john boehner is? >> i have seen him. we use the same tanning bed. >> the fiscal cliff. are you afraid? >> very worried, indeed. >> i'm scared of heights, so. >> are you nervous? >> i think you are making me nervous. ♪ feels just like i'm falling for the first time ♪ >> just the day before the painful spending cuts take place, the bush tax cuts expire. that is why they call it the fiscal cliff. president obama wants to let the taxes go up on the so called rich generating $80 billion in refs. revenue. 8 days of federal spending. less than 1% of the $16 trillion debt. >> do you know how much debt america is in right now 12346789. >> $14 billion or something like that. >> do you know what the national debt is right now? >> no idea. >> i'm going to say 30 something trillion.
>> i actually hope the fiscal cliff happens. let's push it off the cliff and do it. >> do you know who john boehner is? >> no. >> the tan guy. he cries a lot? >> he cries a lot? poor thing. i would, too, if he was the speaker of the house. >> do you know who john boehner is? >> i have seen him. we use the same tanning bed. >> the fiscal cliff. are you afraid? >> very worried, indeed. >> i'm scared of heights, so. >> are you...
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Dec 23, 2012
12/12
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FBC
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lou: there are only ten days remaining tothe fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations wh the president ha, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reipounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at al. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his political stunt. lou: if there is no agreement, tas will go up on all american taxpayers and hundr
lou: there are only ten days remaining tothe fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations wh the president ha, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbers, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could...
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Dec 23, 2012
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. >>> coming up on fox 5 news sunday, the latest on the looming fiscal cliff and results of the benghazi report, plus the gun control debate heats up as the white house unveils a new gun violence task force headed by vice president joe biden. a preview when we return. >>> and another look at the national christmas tree outside. that's washington monument. we'll be back in a moment. . >>> we're back with your look at what's upcoming, new and noteworthy. it's your capitol rundown for the week of december 24th, 2012. starting off monday, at 11:00 a.m., george washington's mount vernon estates opens the rarely-scene third floor for christmas at mount vernon event, detailing how the first president marked the holidays. doors open at 9:00 a.m. tuesday, december 25th is christmas. federal offices are closed along with many houses of worship, but the basilica of the national shrine will celebrate christmas masses throughout the day. the shrine is at 400 michigan avenue in northeast. >>> wednesday, december 26th, smithsonian community museum presents separate and unequal, black baseball in the di
. >>> coming up on fox 5 news sunday, the latest on the looming fiscal cliff and results of the benghazi report, plus the gun control debate heats up as the white house unveils a new gun violence task force headed by vice president joe biden. a preview when we return. >>> and another look at the national christmas tree outside. that's washington monument. we'll be back in a moment. . >>> we're back with your look at what's upcoming, new and noteworthy. it's your...
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Dec 23, 2012
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. >> he is leaving the fiscal cliff worries back home. we are told between christmas and new year's he'll be heading back to congressional leaders. you noted the somber moment today that the president and first lady right now as we speak are at punch bowl, national military cemetery on the island where the senator will be buried. harry reid has been making a speech moments ago and telling a where senator bob dole like senator inouye, they recuperated in michigan and later served in the senate together, bob dole walked up to the casket and lifted his left hand, his right hand was badly damage and saluted. a poignant moment. president obama at the washington cathedral, it was his really earliest political inspiration. both the president and senate majority leader reflecting on daniel inouye both a long time legislator but two days they will be getting back to work on the fiscal cliff. >> heather: the difficult job of reporting from hawaii, thank you so much, ed. >> gregg: the mother of john hammer telling her son is now in a louisiana hospi
. >> he is leaving the fiscal cliff worries back home. we are told between christmas and new year's he'll be heading back to congressional leaders. you noted the somber moment today that the president and first lady right now as we speak are at punch bowl, national military cemetery on the island where the senator will be buried. harry reid has been making a speech moments ago and telling a where senator bob dole like senator inouye, they recuperated in michigan and later served in the...
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Dec 23, 2012
12/12
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WRC
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cliff. what are the prospects for a fiscal cliff. what are the prospects for a solutwe know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, more than 40,000 saw this post alone. we'll continue to monitor that conversation online. tell us what you saw on the interview at facebook.com/meetthepress or on twitter. in the meantime
cliff. what are the prospects for a fiscal cliff. what are the prospects for a solutwe know why we're here. to chart a greener path in the air and in our factories. ♪ to find cleaner, more efficient ways to power flight. ♪ and harness our technology for new energy solutions. [ female announcer ] around the globe, the people of boeing are working together, to build a better tomorrow. that's why we're here. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the...
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Dec 23, 2012
12/12
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WBAL
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kim basey, wbal, tv 11 news. >>> forget the fiscal cliff. how about the milk cliff? next, why some farmers believe you could be paying upwards of $6 a gallon for milk. >> lot of money. >>> and a young boy fighting cancer gets to live out his dream. his story after the break. >>> vacant lots in baltimore city transformed. i'll introduce you to a local grouping honored for their hard wor ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? >>> in this morning's consumer alert retailers are trying to attract last minute shoppers with price cuts and deals this final weekend before christmas. the malls were crowded with shoppers saturday. some stores were offering dis
kim basey, wbal, tv 11 news. >>> forget the fiscal cliff. how about the milk cliff? next, why some farmers believe you could be paying upwards of $6 a gallon for milk. >> lot of money. >>> and a young boy fighting cancer gets to live out his dream. his story after the break. >>> vacant lots in baltimore city transformed. i'll introduce you to a local grouping honored for their hard wor ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty....
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Dec 23, 2012
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cliff. what are the prospects for a solution? that's ahead. >> plus, eight day before the mi fiscal cliff. mi fisca[ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a littl
cliff. what are the prospects for a solution? that's ahead. >> plus, eight day before the mi fiscal cliff. mi fisca[ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours....
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Dec 23, 2012
12/12
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CSPAN
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much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle over at the pentagon. here are the comments of congressman dingell, the incoming democratic member of the house foreign affairs committee. but there is a huge opposition to the potential nomination of chuckled to become the next secretary of defense, even the president obama has not made his decision. the former senator has come under fire for statements he has made, including one where he referred to the pro-israel lobby as the "jewish lobby." what is your reaction to that remark? >> i think that remark is a troublesome and problematic. it shows that the very best, a lack of s
much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated senator john kerry as secretary of state and the new speculation about chuckle...